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offering a settlement

who can prepare my settlement offer and attorney or banktrustee, I`m willing to offer my unsecured creditors a lump sum settlement between 5-15%

Posted from: Ontario

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One Response to “offering a settlement”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

A consumer proposal or settlement offer as you call it can only be done through a licensed trustee.

Now I can’t say whether or not 5 – 15% will be sufficient as what can be offered legally must be better than a bankruptcy would result, but you are best to discuss that with the local trustee you contact.